Slim Chickens

6 Channing Way, Jackson, TN
Deal Type:
Net Lease
Price:
$3,160,000
Cap Rate:
5.00%
Current Rent:
$158,000
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
Ten, 5 year options
Building Sq. Ft.:
3,300 SF
Rent Increases:
7.5% every 5 years
Site Size:
0.95 Acres

Investment Highlights

  • New construction 20-year absolute NNN Lease with attractive 7.5% increases every 5 years
  • Multi-Unit operator with 30+ years of QSR experience including personal guarantees from all partners
  • Excellent visibility along US Highway 45 seeing more than 46,000 vpd
  • Highly affluent sub-market in West Tennessee, with average household incomes in excess of $130,000
  • Located directly across from Union University (Private University with 3,400 students) and West Towne Commons (168,210k SF Target / Academy Sports anchored power center)
  • Located at the entrance of West Tennessee Healthcare North Hospital (150-bed hospital with 166 employees)
  • The primary trade area for a 13-county region providing employment, medical care, entertainment, retail, and services for approximately 400k People

Listing Agents

Jordan Williams

Senior Associate
205 209 5671
Jwilliams@stream-cp.com

Adam English

Managing Director
256 694 9803
Adam@stream-cp.com

In Association with Scott Reid & ParaSell, Inc. | P: 949.924.6578 | A Licensed Tennessee Broker #264531

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